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  • Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Kotak e-Assured Savings Plan

    Kotak e-Assured Savings Plan not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.


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Kotak Assured Savings Plan

A Non-Participating Endowment Assurance Plan

Take confident steps towards your financial goals. Life insurance policies are more than just modes of protection. They can also play an active role in helping you reach your financial goals. The Kotak Assured Savings Plan enables you to accumulate wealth and strengthens your finances for the future. It not only offers you affordable protection but also helps accumulate enough wealth to help achieve your financial goals through guaranteed benefits.

How it works

  • Mr. Shetty is a 35 year old family man

    With Kotak Assured Savings Plan, he chooses a premium payment term of 10 years for a policy term of 15 years
    He pays an annual premium of Rs. 1,00,000/-*

  • He determines the Basic Sum Assured as per Premium, Policy Term, Premium Payment Term and his age

  • Premium payment term expires and the policy continues till maturity

  • At maturity, Mr. Shetty receives Guaranteed Maturity Benefit which is Sum of Basic Sum Assured + Accrued Guaranteed Yearly Additions + Guaranteed Loyalty Addition

  • Mr. Shetty nominates his wife. In case of an unfortunate event of Mr. Shetty’s death during the term of the plan, she would receive Basic Death Benefit + Guaranteed Yearly Additions accrued as on the date of death.

    * The above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.

Key features

  • Guaranteed Maturity Benefit: Payable at maturity

    Get Basic Sum Assured and PLUS Ensure Accrued Guaranteed Yearly Additions and PLUS Enjoy Guaranteed Loyalty Addition

  • Get increasing life cover

    Enjoy Guaranteed Yearly Additions added every time you pay the premium - payable at maturity or death, whichever is earlier.

  • Enjoy higher benefits with longer premium commitment

    Get increased Guaranteed Yearly Additions and Guaranteed Loyalty Addition with increase in Premium Payment Term (PPT)

  • Get more value for money

    Through high premium benefit leading to higher Basic Sum Assured

  • Enhanced protection

    Through a wide range of Riders

  • Enjoy tax benefit

    as per applicable tax laws


  • Age criteria

    • Entry Age: Min: 3 years | Max: 60 years
    • Maturity Age: Min: 18 years | Max: 75 years
  • Policy and Premium Payment Term (PPT)

    • PPT Policy Terms
    • 5 pay 10 / 15 yrs
    • 6 pay 12 / 18 yrs
    • 7 pay 14 / 20 yrs
    • 10 pay 15 / 20 yrs
  • Annual Premium

    • Minimum: 20,000<
    • Maximum: No limit, subject to underwriting
  • Premium Payment Option

    • Limited only
  • Minimum Basic Sum Assured

    Determined on the basis of minimum premium amount, entry age, policy term and PPT

    For example: For 20,000 annual premium Basic Sum Assured for entry ages 3 & 60 yrs will be:

    • Age - 3 years

    Policy Term - 15 years

    Premium payment term - 5 years

    Basic sum assured (Rs.) - 1,36,780

    • Age - 3 years

    Policy Term - 20 years

    Premium payment term - 10 years

    Basic sum assured (Rs.) - 2,42,340

    • Age - 60 years

    Policy Term - 15 years

    Premium payment term - 10 years

    Basic sum assured (Rs.) - 1,19,896

    For details, please refer to the premium calculator on our website.

  • Premium Payment Mode

    • Yearly, Half yearly, Quarterly, Monthly
  • Modal Factor (% of annual premium)

    • The following modal loadings will be used to calculate the installment Premium:
    • Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%

Additional protection with optional Riders

  • Kotak Term Benefit

    In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.

  • Kotak Accidental Death Benefit Rider

    In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.

  • Kotak Permanent Disability Benefit Rider

    In case of life insured being permanently disabled due to accident, benefit is paid in installments.

  • Kotak Life Guardian Benefit

    In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.

  • Kotak Accidental Disability Guardian Benefit

    In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.

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Download the brochure to know more about the plan and how it can benefit you.

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Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

You may avail of tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details.

Terms & Conditions

Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force. This is a savings-cum-protection oriented non-participating endowment assurance plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

Kotak Assured Savings Plan UIN: 107N081V01, Form No: N081 Kotak Term Benefit Rider - 107B003V03, Kotak Life Guardian Benefit Rider - 107B012V02, Kotak Accidental Disability Guardian Benefit Rider - 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020,

Ref. No.:KLI/18-19/E-WEB/496

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.

Reg No. 107
CIN : U66030MH2000PLC128503
2nd Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)


IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

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